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GM sells Suzuki shares to raise emergency funds
Mon, 17 Nov 2008By Tim Pollard Motor Industry 17 November 2008 15:24 GM is flogging its entire stake in Suzuki to pump cash into its survival funds. The General owns a 3% holding in Suzuki Motor Corporation and will sell 16,413,000 shares on the open market tomorrow. Based on today’s values, GM will raise an estimated £154 million through the sale, although Suzuki will exercise an option to buy back an equivalent number of its own shares in treasury stock.
Possible Ferrari F70 tester spotted
Thu, 07 Jun 2012The above photos of what very well might be a development mule for the next primo Ferrari —likely to be called the F70—were recently posted on the Ferrari 4/5 Competizone Facebook page. The future F70 is expected to be a front-runner in the competition between the very best cost-no-object supercars. The F70 will feature a 7.3-liter V12 coupled to a kinetic-energy-recovery system, a combination that will be good for 920 hp.
Renault Megane Coupe Concept (2008): first official pictures
Tue, 04 Mar 2008By James Foxall First Official Pictures 04 March 2008 12:10 What's new on Renault’s motor show stand? The French maker’s star was its sleek new Megane Coupe Concept. A typical concept with novel split gullwing doors (dubbed dragonfly doors by the designers), seats that look like they’re straight from Ikea and cameras instead of door mirrors, its profile and design cues preview a forthcoming production model.